Zagreb, 9 December, 2016 – Financial sector development must go beyond improving access to bank credit. Financial systems should develop in a balanced way through both bank and nonbank subsectors, including...

WASHINGTON, July 7, 2015 - The World Bank’s Board of Directors approved today a EUR20 million (US$21.92 million) loan to the Republic of Croatia for the Innovation and Entrepreneurship Venture Capital...

BUCHAREST, January 17, 2013—The EU11* region is set to expand by about 1 percent annually in 2012 and 2013. That is significantly slower than in 2011, says the World Bank’s latest EU11 Regular Economic...

ZAGREB, October 29, 2012 - Anton Kovačev, President of the Managing Board of the Croatian Bank for Reconstruction and Development and Hongjoo Hahm, World Bank Country Manager, signed today an additional...

Washington, April 16, 2012 — World Bank Group President Robert B. Zoellick today congratulated Dr. Jim Yong Kim for being chosen to become the 12th president of the development institution and offered...

WASHINGTON, April 16, 2012 - The Executive Directors met today to select a new President of the World Bank Group. The Board expressed its deep gratitude for Mr. Robert B. Zoellick’s outstanding leadership...

Policy makers under pressure can get preoccupied with the fixation of the moment. For the eurozone, that idée fixe has been “the firewall”. How big is big enough? Who contributes and how? Now that the...

Launched at the height of the global financial crisis, the Joint IFI Action Plan and the European Banking Coordination ‘Vienna’ Initiative (EBCI) provided a significant financial contribution to rescue...

Sharm el-Sheikh, January 18, 2011 – To strengthen and enhance collaboration in the areas of economic and social development in the Arab World, the League of Arab States (LAS) and the World Bank Group today...

March 24, 2009—Unemployment in Calfa, Moldova, is high. The few jobs available pay little, and government pensions are as low as $10 dollars a month. The money that flows back from those who left, most...